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Property profile & analytics
OFF-MARKET
Estimated value
$985,000
Motels
242 Bishop Ln Gatlinburg, TN 37738-3500
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US80-1245839
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1981
Total area
12,652 SF
Lot
306 ac (13,329,360 SF)
Zoning code
C-2
APN
078126N J 00100
UPID
US80-1245839
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Howard Johnson by Wyndham Downtown Gatlinburg Hotel & Motel
-
Mountain Village Inn Hotel & Motel Bed & Breakfast
-
Gatlinburg TN Family Recreation Center
-
Johnson's Inn Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$965k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$985k
Owner & transaction history
Gatlinburg Johnson INC · 8 yrs held
Gatlinburg Johnson INC
since 2018
7 recorded transactions
Zoning & alternative use
C-2 · Gatlinburg, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Gatlinburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Gatlinburg submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,045,000
6.5%
$965,000
7%
$895,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$1,490,000
Current use
AUTO REPAIR, GARAGE
$1,345,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$985k
Range $887k – $1.08M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$78 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2021Property tax & assessments
Tax year 2021
Tax billed
$9,304
Tax year 2021
Assessed value
$580,360
Assessed 2023
Previous assessed
$580,360
+0.0% YoY
Effective rate
1.60%
On assessed value
Assessed land
$280,920
Assessed improvement
$299,440
Land market value
$702,300
Improvement market value
$748,600
Total market value
$1,450,900
Applied tax rate
78.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Motels
Use group
MOTEL
Status
Off-Market
Year built
1981
Heating
NONE
Cooling
NONE
Buildings
5
Stories
1
Units
1
Bathrooms
30
Total area
12,652 SF
Lot
306 ac (13,329,360 SF)
Zoning code
C-2
APN
078126N J 00100
UPID
US80-1245839
Jurisdiction
SEVIER
Zoning & alternative use
C-2 · Gatlinburg, TN
Zoning C-2 · permitted uses
C-2 · Gatlinburg, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Gatlinburg. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$1.3M
HOTEL/MOTEL Current
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1981
Heating
NONE
Cooling
Yes
Stories
1
Buildings
5
Units
1
Bathrooms
30
Lot
306 ac
Current owner
From public records · entity-resolved
Gatlinburg Johnson INC
Entity
Mailing address
293 PKWY PARKWAY, GATLINBURG, TN 37738-5150
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 13, 2025
—
Gatlinburg Johnson INC
—
Deed
related
$1,000,000 · Citizens Bank Of Kentucky INC
Apr 13, 2022
—
Gatlinburg Johnson INC
—
Deed
related
$6,462,592 · Citizens Bank Of Kentucky INC
Nov 19, 2018
—
Gatlinburg Johnson INC
—
Grant Deed
related
$1,029,674 · Citizens Bk/ky
May 3, 2018
$4,000,000
Gatlinburg Johnson INC
Rref Bb-tn Mvi LLC
Grant Deed
$3,200,000 · Citizens Bk/ky
Nov 4, 2015
$750,000
Rref Bb-tn Mvi LLC
Porter Lura O
Warranty Deed
—
Jul 26, 2013
$144,000
Rref Bb-tn Mvi LLC
Stair Russell E
Trustees Deed
—
Jul 26, 2013
$300,000
Rref Bb-tn Mvi LLC
Stair Russell E
Trustees Deed
—
Sep 25, 2009
—
Max D Johnson
—
Trustees Deed
related
$2,893,759 · Branch Banking & Trust Co
May 9, 2007
—
Max D Johnson
—
Trustees Deed
related
$500,500 · Branch Banking & Trust Co
May 15, 2003
$1,332,000
Max D Johnson
Johnson,jimmy B & Dorothy L
Grant Deed
related
$2,772,000 · Branch Banking & Trust Co
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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